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...Bondholders who invested in additional tier 1 — or AT1 — securities lost $17bn when UBS took over its rival Credit Suisse last March....
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...by American union steelworkers — the best in the world”....
...The closely watched spread between Italy’s 10-year bond yield and that of Germany fell to a two-year low of under 1.2 percentage points last month. However, it has since increased above 1.3 points....
...Americans have gorged on billions of dollars of credit card debt over the past three years....
...Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
...Back in March 2022, EU leaders committed to set deadlines for phasing out export credit to fossil fuels by December 2023....
...CREDIT: PBS, ABC News Read a transcript of this episode on FT.com...
...Trump beat Hillary Clinton in Pennsylvania by less than 1 percentage point in 2016. Four years later, Biden beat Trump by just over 1 point....
...Firstly, approximately 30% of the Global and North American totals are made up of ‘dry powder’, i.e. undrawn capital commitments....
...Having led Poland between 2007 and 2014, Donald Tusk can take some credit as his nation approaches western European standards of living....
...Americans are feeling better about the economy, but they just won’t give Biden credit for it, according to a new FT-Michigan Ross poll [free to read]....
...It said the US would continue to outperform in 2025 with growth of 1.9 per cent, versus 1.5 per cent in the euro area....
...Military spending also rose in certain Latin American countries, such as the Dominican Republic, as governments there reacted to the rising might of criminal gangs....
...The report said government spending on the state pension, pension credit and winter fuel payment was expected to be £132bn in 2023-24, or 5.1 per cent of national income....
...According to the IPCC, “all pathways that limit global warming to 1.5C with limited or no overshoot” require carbon dioxide removal at a massive scale, between 100bn and 1,000bn tonnes this century....
...What trends have been observed in consumer spending and credit delinquency in the US?...
...At his State of the Union address early last month, US President Joe Biden proudly hailed the American economy as “the envy of the world”. It is hard to disagree....
...“The aid provided by the US buys us and the European Union time, about one year,” the group’s assessment said....
...Non-nicotine vape liquid will be taxed at £1 per 10ml, according to the draft plans....
...So for the deal to be “worth it” you’d need to be able to afford to spend £1,000-£1,700 a month on lifestyle purchases in places that accept Amex, and, crucially, clear your balance every single month without...
...Biden on Wednesday visited US Steel’s headquarters in Pittsburgh, and in front of cameras, had a clear message: US Steel should remain “American-owned, American-operated by American union steelworkers —...
...The legislative dodge undercuts the law’s intent to bolster North American EV manufacturing while upholding its climate change goals by giving consumers more choices to go electric....
...recent events, one involving a bunch of EU officials engaged in a closed-doors bureaucratic procedure that really might matter, and one involving a big set-piece public event with all sorts of European and American...
...Five more top stories 1. JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company....
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